01 FEHORIZON Announces Full-Year 2025 Results

On March 11, FEHORIZON held its full-year 2025 results conference in Hong Kong. Kong Fanxing, Chairman of the Board of Directors, Executive Director and Chief Executive Officer; Wang Mingzhe, Executive Director and Chief Financial Officer; and Cao Jian, Executive Director and Senior Vice President, jointly attended the event. In 2025, the company maintained firm strategic resolve, continuously consolidating its operational foundation and enhancing management efficiency. This not only enriched the substance of the new business ecosystem but also achieved overall stable and secure financial results. As of December 31 last year, the company's total assets stood at RMB 371 billion, with a profit before tax of RMB 8 billion and an ROE of 7.7%. Asset quality remained stable with positive momentum, and the financial structure continued to be optimized.

02 President Kong Fanxing Meets with Liu Wei, Member of the Standing Committee of the Guangzhou Municipal Party Committee and Party Secretary of the Nansha District

On March 4, Kong Fanxing, President of FEHORIZON, met in Shanghai with the visiting delegation led by Liu Wei, Member of the Standing Committee of the Guangzhou Municipal Party Committee and Party Secretary of the Nansha District. The two sides exchanged views on deepening government-enterprise collaboration to empower regional high-quality development. President Kong noted that Nansha, as the "strategic pivot of the Greater Bay Area," has an open and inclusive development ecosystem that is highly aligned with the company's globalization strategy. The company has strong confidence in Nansha's development prospects. The company will fully leverage its advantages in resource integration and comprehensive services, further focusing on Nansha's key development areas on the basis of existing cooperation, deepening the integration of finance and the real economy, facilitating the revitalization of urban assets and industrial transformation and upgrading, and working hand in hand with Nansha to write a new chapter in government-enterprise collaboration.

03 FEHORIZON Invited to Attend Hong Kong Economic and Trade Office in Shanghai's 2026 Shanghai-Hong Kong Lunar New Year Gathering

On March 16, the Hong Kong Special Administrative Region Government's Economic and Trade Office in Shanghai (HKETO Shanghai) hosted the 2026 Shanghai-Hong Kong Lunar New Year Gathering in Shanghai. Xu Huibin, Vice President of FEHORIZON, was invited to attend the event. Huang Kaiyi, Director of HKETO Shanghai, stated during the event that in 2026, Hong Kong will empower development through a dual-driver strategy combining "AI+" and "Finance+," and the HKETO will continue to serve as a bridge to assist mainland enterprises in "going global." As a Hong Kong-listed company with roots in Hong Kong and a global outlook, FEHORIZON has always deeply integrated itself into the Shanghai-Hong Kong cooperation framework and the broader landscape of national development. In the future, the company will further deepen its collaboration with government platforms such as HKETO, continuously leveraging its cross-border resource connectivity advantages to help more enterprises access global resources through Hong Kong, demonstrating the responsibility of a Hong Kong-invested enterprise in serving national strategies.

04 FEHORIZON International Wins Two DMI Awards, Offshore Bond Underwriting Capabilities Recognized by the Market

On March 26, the "Credit Technology 2026 Annual Summit" was successfully held at Exchange Square in Hong Kong. FEHORIZON International received two honors in this selection: "2025 Emerging Underwriting Institution" and "2025 Best Investment-Grade Transaction," with its offshore bond underwriting capabilities gaining market recognition. In 2025, FEHORIZON International completed 51 primary bond underwriting deals, covering regions such as Shandong, Henan, Hubei, Sichuan, and Fujian, effectively broadening local financing channels and enhancing the international capital market profile of these regions. In the future, FEHORIZON International will leverage the Group's advantages to serve the two major areas of urban renewal and industrial upgrading, providing high-quality financial services to support high-quality regional economic and industrial development.

05 CDHORIZON Wins Over RMB 100 Million Bid for National Key Engineering Project in Tibet Region

Recently, CDHORIZON successfully won the bid for a national key infrastructure project in the Tibet region, undertaking the construction of steel trestle bridges, steel platforms, and steel cofferdams, with a contract value exceeding RMB 100 million. Based on the project's construction conditions, CDHORIZON innovatively proposed an optimized "pre-supported method PC cofferdam" solution, which not only fundamentally resolved the construction challenges in a complex environment but also achieved approximately 30% cost savings on cofferdam construction. This solution received high recognition from the client and was the decisive factor in winning the bid. As a core component of a national key infrastructure project, the completion of this project will provide solid support for the implementation of major national strategies and regional infrastructure upgrades.

06 CDHORIZON Selected for 2026 S&P Global Sustainability Yearbook

Recently, S&P Global, an internationally authoritative rating agency, officially released the "Sustainability Yearbook 2026 (Global Edition)." CDHORIZON was selected for this authoritative list for the first time, based on its outstanding performance in the 2025 Corporate Sustainability Assessment (CSA). Following its selection for the "Sustainability Yearbook (China Edition)" in 2025, CDHORIZON has now successfully entered the global edition, becoming the only Chinese equipment rental company to be selected. In the future, CDHORIZON will continue to refine its sustainable development management system, enhance its environmental, social, and governance (ESG) performance, and drive the green, standardized, and international development of the equipment rental industry.